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Financial News Around the World

‘Big Short’ investor Steve Eisman says if the Fed is scared to raise rates, you should be scared, too

Steve Eisman said if the spreading banking crisis stops the Federal Reserve from raising interest rates next week, investors should be fazed by that.

Published 15 March 2023
Categorised as Finance News

Stocks making the biggest moves after hours: Credit Suisse, Adobe, UiPath and more

These are the stocks posting the largest moves in after hours trading.

Published 15 March 2023
Categorised as Finance News

Long-awaited Fed digital payment system to launch in July

FedNow creates “a leading-edge payments system that is resilient, adaptive, and accessible,” said Richmond Fed President Tom Barkin.

Published 15 March 2023
Categorised as Finance News

Oil tumbles 6%, heads for worst day since July as banking crisis routs markets

West Texas Intermediate futures fell more than 6% to $66.85 per barrel. That would be WTI’s biggest one-day drop since July 12, 2022.

Published 15 March 2023
Categorised as Finance News

Here’s how to report 2022 crypto losses on your tax return

If you’re still recovering from last year’s crypto losses, it may be possible to score a tax break on your 2022 return. Here’s what to know before filing.

Published 15 March 2023
Categorised as Finance News

Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy

Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.

Published 15 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and more

These are the stocks posting the largest moves in midday trading.

Published 15 March 2023
Categorised as Finance News

Larry Fink: BlackRock is not the ‘environmental police’

In his annual letter, CEO Larry Fink said BlackRock’s recognition of the import of climate risk on finance does not make the company a political chess piece.

Published 15 March 2023
Categorised as Finance News

One of the best ways to figure out what the Fed will do next is to look at regional bank stocks

Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding interest rates.

Published 15 March 2023
Categorised as Finance News

Mohamed El-Erian says the Fed’s credibility is at stake as financial accidents spread

The chief economic advisor at Allianz said the Fed’s credibility is on the line, as a wipeout of Credit Suisse shares adds to a growing crisis.

Published 15 March 2023
Categorised as Finance News

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